Dollar Crosses Y110 Line for 1st Time Since 2008

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Hiroyuki Kachi Driven by diverging monetary policy and economic conditions in the U.S. and Japan, the dollar continued to gain traction against the yen in Asian trade Wednesday, briefly crossing the Y110 threshold for the first time in over ...

Eurozone Manufacturing Activity Slower Than First Estimated in September

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Paul Hannon Activity in the eurozone's manufacturing sector slowed more sharply than first estimated in September, with Germany joining France in contraction, while Italy staged a surprise revival. Fresh signs that the currency area's economy remains mired in stagnation, ...

CURRENCIES: Crude Oil Rebounds Slightly After Overnight Slump

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Eric Yep Crude-oil futures rebounded modestly in Asian trading hours Wednesday after an overnight sell-off that pushed prices to their lowest in more than a year. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

Europe Stocks Dip as ECB Looms

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

European stocks inched lower Wednesday, calling time on the previous session's rally. The Stoxx Europe 600 index was 0.1% lower in early trade. Markets had staged a brief rally on Tuesday, after a fall in eurozone inflation to a five-year ...

U.S., Brazil Reach Agreement in Cotton Dispute

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Leslie Josephs And William Mauldin Brazil and the U.S. have reached an agreement to settle a more than decade-old dispute over U.S. cotton subsidies, people familiar with the negotiations said Tuesday. U.S. Agriculture Secretary Tom Vilsack and U.S. Trade ...

S. Korea Exports Increase 6.8% in September

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Kwanwoo Jun SEOUL--South Korea's exports rebounded sharply in September from a decline a month earlier, government data showed Wednesday. Exports in September rose 6.8% from a year earlier to $47.69 billion, following a revised 0.2% fall in August, provisional ...

Press Release: PMI(R) at 56.6%; September -3-

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

The seven industries reporting increased order backlogs in September -- listed in order -- are: Textile Mills; Primary Metals; Electrical Equipment, Appliances & Components; Nonmetallic Mineral Products; Paper Products; Fabricated Metal Products; and Furniture & Related Products. The six industries ...

MARKET SNAPSHOT: U.S. Stocks Move Lower After Strong ADP Data

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- U.S. stock investors continued to sell their assets pushing priced lower on Wednesday after stronger-than-expected data on private-sector hiring once again raised concerns that the Federal Reserve may start tightening policy sooner. ...

MARKET SNAPSHOT: U.S. Stocks: Futures Fall After ADP Report

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- U.S. stock futures fell on Wednesday after stronger-than-expected data on private-sector hiring once again raised concerns that the Federal Reserve may start tightening policy sooner. Private employers added 213,000 new jobs in ...

Europe Stocks Feel Pressure as Recovery Slows -- Update

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Tommy Stubbington The euro remained under pressure Wednesday amid the latest signs the recovery inside the currency bloc is cooling. The common currency dropped 0.3% against the dollar to $1.2585, close to Tuesday's two-year low. The decline came after ...

Russia Manufacturing PMI Expands at a Slower Rate

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Andrey Ostroukh MOSCOW--Russia's manufacturing sector expanded at a slower rate in September as the employment level and stocks of purchases declined steeply, the HSBC Manufacturing Purchasing Manager's Index showed Wednesday. The headline manufacturing PMI index declined to 50.4 in ...

Gazprom to Increase Blue Stream Gas Capacity to 19 BCM a Year

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Olga Razumovskaya MOSCOW--Russian gas monopoly OAO Gazprom (GAZP.RS) said Wednesday it will increase the annual gas capacity of the Blue Stream pipeline to 19 billion cubic meters from 16 billion cubic meters and deliver a record volume of gas ...

EU Rebukes Russia for Ukraine Tariff Threat

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Matthew Dalton BRUSSELS--The European Union has "strong concerns" about a decree passed by the Russian government threatening new tariffs on Ukrainian exports, European Commission President Jose Manuel Barroso said in a letter to Russian President Vladimir Putin. The decree, ...

France 2015 Budget To Curb Spending--second Update

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By William Horobin PARIS--The French government Wednesday presented a 2015 budget aimed at striking a delicate balance: shoring up France's finances without tipping an economy heavily reliant on public spending into recession. Finance Minister Michel Sapin detailed EUR21 billion ($26.5 ...

MARKET SNAPSHOT: U.S. Stocks Skid; Manufacturing Slows Down

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- U.S. stock investors continued their selling ways this week, pushing prices lower in early trading. Wednesday's slide stemmed from upbeat employment and manufacturing data for September, which although points ...

Yen Rises on Global Growth Worries

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By James Ramage The yen gained against the dollar, euro and British pound on Wednesday as concerns about growth across the globe and simmering geopolitical fears drove investors into assets they perceived as safe, such as the Japanese currency. The ...

Islamic State Fighting Strains Pentagon Budget

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

By Dion Nissenbaum WASHINGTON--President Barack Obama's expansion of airstrikes in the Middle East is creating new strains on Pentagon planners who thought the days of costly military operations in that region were over--at least for now. The U.S. military campaign ...

South Korea Inflation at 1.1% in September

TODAY: Oct. 2, 2014 PUB DATE: Oct. 1, 2014

SEOUL--South Korea's consumer price index rose 1.1% on the year in September, slower than the market expected, government data showed Wednesday. The September reading, below the median 1.5% increase forecast by economists surveyed by The Wall Street Journal, came after ...